India Calcium Carbonate Market To Cross $698 Million By 2025: TechSci Research Report

Increasing demand from multiple end use industries and booming construction and chemical industries to drive India soda ash market through 2025

According to a recently released TechSci Research report, "India Calcium Carbonate Market Study, 2011- 2025", the market of calcium carbonate in India is anticipated to cross $698 million by the end of 2025. Calcium carbonate is one of the widely used industrial fillers in various end use industries such as paper, plastic, rubber, pharmaceuticals, paint & cosmetics, etc., owing to its ability to reduce surface energy and improve surface finish by adding glossy touch to the surface and opacity of the products.

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The Government of India has announced to invest nearly $1 trillion on infrastructural development in the country during 2012-2017. Moreover, in the Union Budget 2016-2017, the government has planned an outlay of $14.7 billion for building of smart cities. Furthermore, in FY2016, Foreign Direct Investment (FDI) equity inflows in the country's agriculture sector were around $2.2 billion. Backed by favourable government plans and increasing foreign direct investments, robust growth in the country's construction, automotive and agriculture sectors is expected during 2016-2025, thereby fuelling the demand for calcium carbonate in India over the next nine years.